Home prices
Lancaster's median home cost is $123,700. Compared to the surrounding areas it is roughly $56,800 (31%) lower.Compared to the rest of the country it is approximately $93,800 (43%) lower, and in comparison to the city of Buffalo it is about $33,900 (37%) higher.
Rents
In Lancaster the median rent is $761 a month. In comparison to other places in this area it is roughly $321 (29%) lower.It is about $301 (28%) lower compared to the rest of the nation, and it is roughly $15 (1%) lower compared to the city of Buffalo.
Nearby places
Depew
Depew is Lancaster's neighbor to the northwest. Its real estate prices are fairly similar. The median home in Depew costs $120,200, which is $3,500 (2%) lower than Lancaster. Its rents are a little more expensive. Depew's median monthly rent is $847, which comes out to $86 (10%) higher than Lancaster.
Cheektowaga
Cheektowaga is approximately 3 miles west of Lancaster. Its real estate prices are a little less expensive. The median home in Cheektowaga is valued at $114,100, which works out to $9,600 (8%) lower than Lancaster. Rents there are somewhat more expensive. Cheektowaga's median rent is $845 a month, which comes out to $84 (9%) higher than Lancaster.
Harris Hill
Harris Hill is about 4 miles north from Lancaster. Its real estate prices are significantly more expensive. The median home in Harris Hill costs $222,800, which comes out to $99,100 (44%) higher than Lancaster. Its rents are substantially more expensive. Harris Hill's median rent is $1,641 per month, which comes out to $880 (53%) higher than Lancaster.
Elma Center
Elma Center is about 4 miles south of Lancaster. The housing prices there are a lot more expensive. The median home in Elma Center is valued at $274,600, which comes out to $150,900 (54%) higher than Lancaster. Its rents are somewhat more expensive. Elma Center's median monthly rent is $1,092, which works out to $331 (30%) higher than Lancaster.
Williamsville
Williamsville is approximately 5 miles northwest from Lancaster. The real estate prices there are somewhat more expensive. The median home in Williamsville is valued at $170,800, which is $47,100 (27%) higher than Lancaster. Its rents are a bit more expensive. The median monthly rent in Williamsville is $986, which works out to $225 (22%) higher than Lancaster.
